It's easy to say that for one person, but these are some of the largest tech companies around, and you're talking about 10s of thousands of engineers. Where are they all supposed to go? FAANG won't hire most of them, and it's not because they're incompetent.
I'm 39, and I didn't major in CS. FAANG wouldn't touch me with a 10-foot pole.
What to do? Take your skills and put them into your own startup. I rolled with the times, hedged my bets and invested my life savings, as documented here:
(The only thing I'd amend my 4-month old comments with, is, chill out! The daily ups and downs are not important compared to the Fed Put. And, long-term, watch out for the ultimate decline of the dollar, the shift from fiat to bitcoin. Palihapitiya has sage advice in keeping at least 1% of your net worth in bitcoin.)
Investing well is a mindset, and the essential thing to do is focus on your methodology, and your connection to the world around you. There is no substitute for critical, rational, non-cynical thinking.
That's great for Apple engineers but what if you work for HP/Intel/IBM and just see a steady declining stock?